DTU Times interviewed Jahnvi Singh, Electrical and Electronics Engineering who secured a placement as a Junior Analyst-Investment Banking at JP Morgan Chase & Co.
How have the placements for your branch been this year? Please share the highlights of the placements season so far.
The placement season has gone pretty well for my branch this year.
In core electronics domain, students have bagged offers from companies like Texas Instruments, Sandisk, NXP Semiconductors etc.
For electrical domain, companies like Tata Power, Nestle and some PSUs like GAIL visited the campus.
In non-technical domain too, there have been plenty of opportunities with students getting placed in companies like Bain Capability Centre, Boston Consulting Group, PricewaterhouseCoopers.
What did you give more weightage to – The Profile Offered or the Company Reputation?
I think both of these things play a role. Company reputation plays a major role in determining your career ahead and the kind of opportunities that you will get in future. At the same time, you should try to look for roles of your interest and consider the kind of things that you will learn by the particular kind of work and how it will help you in achieving you goals.
For me, it was quite clear that I had to apply for JP Morgan since it is one of the biggest investment banks in the world and I have had an interest in finance for a very long time. So the role offered aligned with my career goals.
Why did you select the particular profile and what parameters did you consider before making your choice?
As I mentioned, I had a deep interest in finance for a very long time and I had done some courses and internships in this particular domain. The main reason for choosing the profile of Junior Analyst at JP Morgan was my interest and also the fact that the work over there would enhance my market knowledge and would provide me with a very good platform to start my career.
I researched about the company, its work culture and the kind of opportunities that it provides to its employees and I was quite impressed. These all factors motivated me further to give it my best shot.
What were the type of Selection Tests (Rounds)?
The cutoff for JP Morgan was zero and it was open for all branches. There was no other requirement. Following were the selection rounds:
1. CV shortlisting (Considering your CGPA and relevant work experience)
2. Written Test-1 (Questions from quantitative aptitude, finance, economics and market awareness)
3. PPT and Workshop (It was an interactive round and people were being marked according to the answers that they gave and how responsive they were)
4. Written Test 2 (Questions from basic accounting, income statements and financial ratios)
5. Technical Interview (Finance)
6. HR Interview
How did you prepare for the selection tests?
The finance courses that I had taken, made sure that my basics were clear. There are plenty of them available for free on websites like Udemy and Coursera. Apart from that I referred to few NSE Academy books and Vault Career Guide to Investment Banking.
I watched financial modelling and how to prepare financial statements tutorials from the internet. The key to cracking the test is to be crystal clear with your basics since in finance, if you just read to mug it up, you will get confused in the test.
Make sure that you understand all the keywords, financial statements and ratios properly.
Could you offer some tips to ace the interview round?
The first thing that I would like to share is that before going to any interview, research thoroughly about the company that you are applying for and the role that they are offering. You should know things like the company's CEO, its headquarters, which domains it works in, any recent news that it was involved in etc.
Secondly, if you are applying for a finance company, then you should be aware of all the market trends in past one year. This would give you an edge over other candidates in the interview.
Lastly, you should be confident and believe in yourself.
Any advice you would like to give to the junior students?
Estimate your potential and start preparing for the placement season according to that. Be clear about your short term and long term goals and apply to companies accordingly. There will be ample of opportunities, it's just a matter of who uses it well.